Bajaj Auto Q4 Results: Net profit zooms 35% to Rs 1,936 crore, exceeds analysts’ expectations

Bajaj Auto Q4 FY24 Results: Bajaj Auto on Thursday reported a standalone net profit of Rs 1,936 crore for the January-March period, marking a jump of 35.1 per cent compared with the corresponding period a year ago that was better than analysts’ expectations.

The two- and three-wheeler manufacturer, whose popular models include Pulsar, Discover and Dominar, registered revenue of Rs 11,484.7 crore for the March quarter as against Rs 8,904.7 crore for the year-ago period. 

According to Zee Business research, Bajaj Auto’s fourth-quarter net profit was estimated at Rs 1,850 crore and revenue at Rs 11,050 crore.

The company logged growth of 34 per cent in earnings before interest, taxes, depreciation and amortisation (EBITDA), to Rs 2,307 crore for the quarter under review.

Its margin, a key measure of profitability for businesses, improved by 80 basis points on a year-on-year basis to 20.1 per cent. Zee Business analysts had pegged the auto maker’s quarterly margin at 19.7 per cent. 

The auto major said its sales during the quarter under review stood at 10,62,426 units as against 8,55,050 units a year ago. 

Bajaj Auto said that its Domestic motorcycles business continued to gain share in the 125cc+ segment, with four-fold growth in comparison to the industry. “Pulsar continues to lead the way and the range strengthened by the upgraded N150/160/250, that seeks to elevate the ride experience,” it added.  

Bajaj Auto dividend 

The motorcycle maker’s board declared a dividend of Rs 80 per share.

Bajaj Auto FY24 results

For the year ended March 31, Bajaj Auto said its net profit, revenue as well as EBITDA reached record levels, at Rs 7,479 crore, Rs 44,685 crore and Rs 8,825 crore, respectively.